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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:06 EDTMDT, SNNMedtronic unlikely to bid for Smith & Nephew, says Wells Fargo
After speaking with Medtronic's (MDT) management, Wells Fargo does not expect the company to bid for Smith & Nephew (SNN). The firm says that Medtronic stated that it was looking for deals based on strategic fit, not financial reasons such as a tax, and the U.K. has not yet asked Medtronic to issue a statement on Smith & Nephew, Wells noted. Additionally, Medtronic stated that it will only enter a new market if it feels it can be a top player, and Smith & Nephew's hip and knee business doesn't;t meet that criteria, Wells wrote.
News For MDT;SNN From The Last 14 Days
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July 28, 2014
12:46 EDTMDTMedtronic receives FDA approval for PRESTIGE cervical disc system
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11:07 EDTMDTLeerink medical devices analyst holds an analyst/industry conference call
Medical Devices Analyst Antalffy, along with MEDACorp Specialist Arie Pieter Kappetein, MD, PhD and Bernhard Meier, MD, assess EU cardiology trends on an Analyst/Industry conference call to be held on July 31 at 3 pm.
06:52 EDTMDTFormer official says Obama could limit inversion deals, NY Times reports
President Obama could limit tax inversion deals on his own authority, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration, according to The New York Times. A 1969 law gives the president the ability to restrict inversion deals, said Shay, who also worked in the Reagan administration, the newspaper stated. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Alletgan (AGN). Reference Link
July 25, 2014
06:30 EDTMDTObama calls on Congress to end inversion deals, NY Times reports
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July 24, 2014
08:19 EDTMDTLeerink medical devices analyst holds an analyst/industry conference call
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July 21, 2014
08:16 EDTMDTDeutsche Bank analysts hold an analyst/industry conference call
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July 18, 2014
12:51 EDTMDTKey GOP senator signals readiness for inversion deal, The Hill says
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